Featured MNV Articles:
|MP Crosses Critical Technical Indicator
Wednesday, May 31, 2:53 PM ET, by Market News Video Staff
In trading on Wednesday, shares of MP Materials Corp (MP) entered into oversold territory, changing ...
Analyst Favorites: MP Materials Ranks As a Top Metals Pick
Wednesday, June 14, 11:52 AM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that MP Materials Corp (MP) ...
IWP's Holdings Could Mean 10% Gain Potential
Thursday, June 15, 8:54 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Noteworthy Wednesday Option Activity: PENN, WOLF, MP
Wednesday, July 5, 4:23 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
First Week of July 21st Options Trading For MP Materials
Friday, July 7, 10:40 AM ET, by Market News Video Staff
Investors in MP Materials Corp (MP) saw new options begin trading this week, for the ...
MP Materials Corp Stock Getting Very Oversold
By Metals Channel Staff, Friday, August 18, 12:21 PM ET
In trading on Friday, shares of MP Materials Corp (NYSE:MP) entered into oversold territory, changing hands as low as $20.655 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of MP Materials Corp, the RSI reading has hit 29.1 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 41.6, the RSI of Spot Gold is at 5.1, and the RSI of Spot Silver is presently 14.0.
A bullish investor could look at MP's 29.1 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), MP's low point in its 52 week range is $20.21 per share, with $38.34 as the 52 week high point — that compares with a last trade of $20.73. MP Materials Corp shares are currently trading off about 2.7% on the day.
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